Market Research Report
Indonesia Ecg Equipment Market Forecast 2021-2026
|Indonesia Ecg Equipment Market Forecast 2021-2026|
Published: September 6, 2021
Content info: 111 Pages
Delivery time: 2-3 business days
The Indonesia ECG equipment market is estimated to record a CAGR of 7.13% during the forecast period, 2021-2026. For instance, diagnostic imaging devices are projected to witness a steady CAGR. Indonesia is among the fastest-growing markets worldwide. Also, many established, large companies operate in the country.
The country is evaluated as an attractive market given its stable economy and surging population. Also, medical imports have been on the rise due to increasing healthcare awareness and hospital expansions. In addition, there is a growing demand for more modern and sophisticated medical products. Additionally, the medical device market majorly relies on the import of medical devices. This provides growth opportunities. At the same time, it has also resulted in the government encouraging domestic production.
Furthermore, as per the WHO 2018 data, coronary heart disease deaths accounted for 18.73% of total deaths in the country. Stroke is the assessed leading cause, trailed by coronary heart disease and diabetes. Moreover, the premature mortality from diabetes and stroke is higher in Indonesia than in the other neighboring countries. In addition, the rising geriatric population drives the demand. As per stats, the population aged 60 and above accounted for 9.6% of the total population in 2019. Such factors constitute the Indonesian ECG equipment market.
Some of the eminent companies in the market include Siemens Healthineers AG, Philips Healthcare, GE Healthcare, Hill Rom Holdings Inc, Nihon Kohden Corporation, etc.
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